Prebiotic Ingredients Market Worth US$7.37 Billion
Monday, March 19th, 2018 | 788 Views
The global prebiotics ingredients market is estimated at US$4.07 billion in 2017 and is projected to reach a value of US$7.37 billion by 2023, according to market intelligence agency Marketsandmarkets.
The prebiotics ingredients market is forecast to grow at a compound annual growth rate of 10.4 percent during the forecast period. The market is driven by factors such as the trending adoption of a healthy diet with low calories and fat, and wide application of prebiotics in foods such as low-fat cheeses, sauces, soups, and table spreads that makes these products healthy as well as tasty.
The major players in the market are investing in research and development activities to expand their prebiotic product portfolios and attract more consumers by providing new products at lower prices.
By application, the food and beverage segment accounted for the largest share of the prebiotic ingredients market in 2016, followed by the dietary supplement industry. Prebiotic ingredients, whether in liquid or powder form, can be easily incorporated in a variety of food products. For instance, oligofructose is 30 percent as sweet as sucrose and due to its pleasant taste characteristics, creamy and fat-like structure, high solubility in hot water, and low-calorific value can be easily added to some dairy products and baked food items.
On the basis of type, inulin accounted for the largest market share in 2016. Inulin can be used as a fat replacer; these ingredients are value-adding products and go well with processed food and are preferred not only by the younger populace, but also the middle-aged population groups.
On the basis of source, prebiotic ingredients sourced from roots accounted for a larger market share, followed by prebiotics sourced from grains. The high prebiotic content in roots makes them the largest source of prebiotic.